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Which of the following statements about the mutual-fund theorem is true? I) It is similar to the separation property.II) It implies that a passive investment strategy can be efficient.III) It implies that efficient portfolios can be formed only through active strategies.IV) It means that professional managers have superior security-selection strategies.
Synesthesia
A condition in which one sense is simultaneously perceived as if by one or more additional senses, such as seeing colors when hearing music.
Different Smells
The perception of various odors, which are interpreted by the brain through the olfactory system.
Colors
The perception of different wavelengths of light by the visual system, leading to the ability to distinguish objects based on the wavelengths they reflect, emit, or transmit.
Sensation
The process by which our sensory receptors and nervous system receive and represent stimulus energies from our environment, serving as the foundation for perception.
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